In this paper, we analyze the determinants of US monetary policy stance as expressed in speeches by Federal Reserve … national macroeconomic variables to explain the content of these speeches. Our results are, first, that a rise in the inflation … district, its content is influenced by both regional and national macroeconomic variables, whereas speeches given outside the …

In this paper, we analyze the determinants of speeches by Federal Reserve (Fed) officials over the period January 1998 … the subjectively coded content of these speeches. Our results are, first, that Fed Governors and presidents follow a …) likely. Second, the content of speeches by Fed presidents is affected by both regional and national macroeconomic variables …

Speeches are an important vehicle for central bankers to convey individual views on the preferred policy stance. In …,618 speeches delivered by members of the Governing Council (GC) during the period 1999M1..2014M4. We then relate this variable to …-specific macroeconomic conditions matter for speeches delivered inside the central banker's home country but not for those made abroad …

Speeches are an important vehicle for central bankers to convey individual views on the preferred policy stance. In …,618 speeches delivered by members of the Governing Council (GC) during the period 1999M1..2014M4. We then relate this variable to …-specific macroeconomic conditions matter for speeches delivered inside the central banker's home country but not for those made abroad …

Speeches are an important vehicle for central bankers to convey individual views on the preferred policy stance. In …,618 speeches delivered by members of the Governing Council (GC) during the period 1999M1-2014M4. We then relate this variable to …-specific macroeconomic conditions matter for speeches delivered inside the central banker's home country but not for those made abroad …

likelihood of media coverage for monetary policy reports and speeches by Greenspan than for testimony and speeches by other Fed … likelihood of media coverage. Second, speeches by regional Fed presidents are relatively less likely to be reported than speeches … by Board members. Nevertheless, media coverage of Fed president speeches is more likely if central bank communication is …

of forward guidance on the sensitivity of bond yields to macroeconomic news, and on forecaster disagreement about the …

-2011 accounting for the influence of disagreement within the FOMC. Effectiveness is investigated through the lens of … due to its unconditional nature. Yet, high levels of disagreement among monetary policy makers as published through the … FOMC’s dot projections since 2012 partially restore sensitivity to macroeconomic news. Thus, disagreement appears to lower …